Quarterhill Inc. (QTRHF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Quarterhill Inc. (QTRHF) trades at $1.82 with AI Score 39/100 (Grade D). Quarterhill Inc. operates in the intelligent transportation systems (ITS) and intellectual property (IP) licensing industries. Market cap: $217.43M, Sector: Technology.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for QTRHF: QTRHF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates QTRHF against Technology peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
QTRHF: 1/1 perspectives are bearish.
How is this calculated? →Quarterhill Inc. (QTRHF) Technology Profile & Competitive Position
Quarterhill Inc. specializes in intelligent transportation systems and IP licensing, offering products like red light enforcement and toll road systems. Operating globally, the company leverages its patent portfolio and ITS solutions to serve diverse markets, facing competition in both the technology and IP sectors with a market cap of $217.43M.
What Is the Investment Thesis for QTRHF?
Quarterhill Inc. presents a mixed investment thesis. The company's focus on intelligent transportation systems offers growth potential, driven by increasing urbanization and infrastructure development. Its IP licensing segment provides a steady revenue stream, but is subject to patent expiration and litigation risks. With a market capitalization of $217.43M and a negative P/E ratio of -4.82, the company's profitability is a concern. The gross margin of 18.3% indicates potential for improvement. Key catalysts include expansion of ITS contracts and successful patent licensing agreements. Investors should monitor the company's ability to improve profitability and manage its debt. The beta of 0.88 suggests lower volatility compared to the market.
Based on FMP financials and quantitative analysis
QTRHF Key Highlights
- Market Cap of $217.43M indicates a small-cap company with potential for growth but also higher risk.
- P/E Ratio of -4.82 reflects current unprofitability, requiring scrutiny of turnaround strategies.
- Gross Margin of 18.3% suggests room for improvement in operational efficiency and pricing strategies.
- Beta of 0.88 indicates lower volatility compared to the market, which may appeal to risk-averse investors.
- No Dividend Yield reflects a focus on reinvesting earnings for growth rather than returning capital to shareholders.
Who Are QTRHF's Competitors?
QTRHF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DLEXY Datalex plc | $1.55 | +0.00% | $135.36M | 45 |
| ENADF Enad Global 7 AB (publ) | $1.94 | +0.00% | $171.89M | 39 |
| FRIIF MGI Digital Technology S.A. | $12.88 | +0.00% | $78.63M | 54 |
| NPNZF Nippon Antenna Co.,Ltd. | $8.65 | +0.00% | $90.42M | 46 |
| RNWEF REC Silicon ASA | $0.02 | -88.89% | $8.20M | 39 |
| ONDS Ondas Holdings Inc. | $7.41 | -6.44% | $3.88B | 72 |
| CRDO Credo Technology Group Holding Ltd | $241.91 | -6.63% | $45.11B | 67 |
| ASTS AST SpaceMobile, Inc. | $85.13 | -1.13% | $34.64B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are QTRHF's Key Strengths?
- Diversified revenue streams from ITS and IP licensing.
- Established presence in the intelligent transportation systems market.
- Strong patent portfolio covering various technology areas.
- Experienced management team with expertise in technology and licensing.
What Are QTRHF's Weaknesses?
- Negative P/E ratio indicates current unprofitability.
- Gross margin below industry average.
- Dependence on government contracts for ITS revenue.
- Exposure to patent litigation and enforcement risks.
What Could Drive QTRHF Stock Higher?
- Expansion of ITS contracts with government agencies.
- Successful patent licensing agreements with technology companies.
- Potential acquisitions of complementary businesses in the ITS or IP sectors.
- Development and launch of new ITS products and services.
- Geographic expansion into new markets with high growth potential.
What Are the Key Risks for QTRHF?
- Financial-distress signal — its Altman Z-Score of -0.65 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-50.1%) — the business is not currently generating profit on shareholder capital.
- Competition from larger technology companies with greater resources.
- Changes in government regulations and infrastructure spending.
- Patent expiration and invalidation risks.
- Economic downturn affecting transportation infrastructure projects.
- Negative P/E ratio indicates current unprofitability.
What Are the Growth Opportunities for QTRHF?
- Expansion of Intelligent Transportation Systems: The global intelligent transportation systems market is projected to reach $36.5 billion by 2027, driven by increasing urbanization and the need for efficient traffic management. Quarterhill can capitalize on this growth by securing new contracts for its red light enforcement, toll road systems, and traffic management solutions. This expansion requires strategic partnerships and investments in technology to maintain a competitive edge. The timeline for realizing this growth is ongoing, with continuous opportunities to bid on new projects and expand existing contracts.
- Strategic Acquisitions: Quarterhill has a history of acquiring companies in the ITS and IP sectors. Future acquisitions can expand its product portfolio, geographic reach, and customer base. Identifying and integrating complementary businesses can create synergies and drive revenue growth. The company should focus on acquisitions that align with its core competencies and offer opportunities for cross-selling and cost reduction. The timeline for acquisitions depends on market conditions and the availability of suitable targets, but strategic acquisitions can provide immediate growth opportunities.
- Increased Patent Licensing Revenue: Quarterhill's licensing segment can generate additional revenue by expanding its patent portfolio and securing new licensing agreements. The company should focus on patents related to high-growth areas such as wireless communications, memory technologies, and semiconductor manufacturing. Successful patent enforcement and litigation can also generate significant revenue. The timeline for realizing this growth depends on the outcome of patent negotiations and litigation, but proactive patent management can create a steady stream of licensing revenue.
- Development of New ITS Products: Investing in research and development to create new ITS products can drive long-term growth. Quarterhill should focus on developing innovative solutions that address emerging needs in areas such as connected vehicles, autonomous driving, and smart cities. These new products can differentiate the company from its competitors and attract new customers. The timeline for developing and commercializing new products is typically several years, but successful innovation can create a sustainable competitive advantage.
- Geographic Expansion: Quarterhill can expand its geographic reach by entering new markets and establishing a presence in high-growth regions. The company should focus on markets with strong infrastructure spending and a growing demand for intelligent transportation solutions. This expansion requires strategic partnerships and investments in local sales and marketing efforts. The timeline for geographic expansion depends on market conditions and regulatory approvals, but successful expansion can significantly increase the company's revenue and market share.
What Opportunities Does QTRHF Have?
- Expansion into new geographic markets.
- Development of new ITS products and services.
- Strategic acquisitions to expand product portfolio.
- Increased demand for intelligent transportation solutions.
What Threats Does QTRHF Face?
- Competition from larger technology companies.
- Changes in government regulations and infrastructure spending.
- Patent expiration and invalidation risks.
- Economic downturn affecting transportation infrastructure projects.
What Are QTRHF's Competitive Advantages?
- Patent portfolio provides a barrier to entry in certain technology areas.
- Established relationships with government agencies and transportation authorities.
- Expertise in developing and deploying complex intelligent transportation systems.
- Proprietary technology and software for traffic management and enforcement.
What Does QTRHF Do?
Quarterhill Inc., formerly Wi-LAN Inc., was incorporated in 1992 and rebranded in June 2017 to reflect its broader focus beyond wireless technologies. Headquartered in Toronto, Canada, Quarterhill operates in two primary segments: Intelligent Systems and Licensing. The Intelligent Systems segment provides a range of products and services, including red light and speed enforcement systems, automated truck weigh stations, toll road systems, traffic management and safety systems, and traffic data collection products. These systems are sold through direct salespeople, distributors, agents, contractors, and systems integrators. The Licensing segment manages a portfolio of patents related to wireless communications, memory interface technologies, semiconductor manufacturing, and other technologies. Quarterhill generates revenue by licensing these patents to various companies. The company's evolution reflects a strategic shift towards acquiring and managing businesses within the ITS and IP sectors, aiming to create long-term value through innovation and market expansion. Quarterhill's focus on acquiring and growing businesses in the ITS and IP sectors positions it as a diversified technology company.
What Products and Services Does QTRHF Offer?
- Develop and deploy red light and speed enforcement systems.
- Provide automated truck weigh stations for efficient transportation management.
- Design and implement toll road systems and equipment.
- Offer traffic management and safety systems to improve road safety.
- Provide VectorSense, a tire sensor suite for vehicle monitoring.
- Offer Vehicle Information-In-Motion, a traffic intelligence system.
- Develop integrated traffic control systems for urban areas.
- License patents related to wireless communications and semiconductor technologies.
How Does QTRHF Make Money?
- Generates revenue through the sale and installation of intelligent transportation systems.
- Earns licensing fees from its portfolio of patents.
- Provides ongoing maintenance and support services for its ITS products.
- Secures contracts with government agencies and private companies for ITS projects.
What Industry Does QTRHF Operate In?
Quarterhill Inc. operates within the communication equipment industry, which is experiencing growth driven by advancements in technology and increasing demand for intelligent transportation solutions. The market is competitive, with companies like DLEXY, ENADF, FRIIF, NPNZF, and RNWEF offering similar products and services. The industry is also influenced by government regulations and infrastructure spending. Quarterhill's focus on both ITS and IP licensing provides diversification but also requires expertise in both areas. The company's success depends on its ability to innovate, secure contracts, and protect its intellectual property.
Who Are QTRHF's Key Customers?
- Government agencies responsible for transportation infrastructure.
- Municipalities and cities seeking to improve traffic management.
- Toll road operators requiring tolling systems and equipment.
- Private companies in the transportation and logistics industries.
- Technology companies licensing Quarterhill's patents.
FY2026 estForward Outlook
Wall Street analysts project Quarterhill Inc. revenue of about $182.7M for fiscal 2026, with EPS near $-0.02. The estimate reflects 3 contributing analysts.
QTRHF Valuation & Market Position
With a $217.43M market cap, Quarterhill Inc. sits in the micro-cap segment of the market. Relative to its peer group, QTRHF's quantitative score of 39/100 is roughly in line with the peer average of 45/100.
ROE -50%Key Financial Metrics
Return on equity for Quarterhill Inc. stands at -50.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -27.1%, showing how much profit it generates from its asset base. Its free cash flow yield is -0.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.94 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -36.1%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Quarterhill Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.65 places it in the distress zone, a signal of elevated financial risk.
Company Profile
Quarterhill Inc. operates in the Communication Equipment industry within the Technology sector. It is headquartered in Toronto, CA. The company is led by CEO Charles Myers. QTRHF has traded publicly since 2011.
QTRHF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that key players believe in its growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company's innovative approach to technology and potential market expansion.
- Analysts have noted Quarterhill's strategic acquisitions, which could enhance its competitive edge and drive revenue growth.
- The tech sector's overall momentum has been favorable, creating a supportive backdrop for Quarterhill's growth narrative.
Bear Case
- Concerns have been raised about the company's ability to integrate recent acquisitions effectively, which could hinder operational efficiency.
- Social sentiment has shown skepticism regarding the sustainability of growth, with some community members questioning the long-term viability of its business model.
- Recent market volatility has led to cautious sentiment, with investors wary of potential headwinds in the tech sector.
- There are lingering fears about regulatory challenges that could impact Quarterhill's operations and market positioning.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
QTRHF Latest News
No recent news available for QTRHF.
QTRHF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for QTRHF.
Price Targets
Wall Street price target analysis for QTRHF.
QTRHF MoonshotScore
What does this score mean?
The MoonshotScore rates QTRHF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Charles Myers
Unknown
Information on Charles Myers' background is not available in the provided context. Further research is needed to determine his career history, education, and previous roles.
Track Record: Information on Charles Myers' track record is not available in the provided context. Further research is needed to determine his key achievements, strategic decisions, and company milestones under his leadership.
QTRHF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Quarterhill Inc. may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and requires careful due diligence by investors.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Lower trading volume and liquidity can lead to price volatility.
- Higher risk of fraud or manipulation compared to major exchanges.
- OTC Other tier indicates potential financial instability or regulatory issues.
- Lack of regulatory oversight requires increased due diligence.
- Verify the company's financial statements and SEC filings (if any).
- Research the background and experience of the management team.
- Assess the company's business model and competitive landscape.
- Review the company's legal and regulatory compliance.
- Analyze the company's cash flow and debt levels.
- Monitor news and press releases for any red flags.
- Consult with a financial advisor before investing.
- Company has been in operation since 1992.
- Operates in the established intelligent transportation systems and IP licensing industries.
- Has a portfolio of patents and established relationships with government agencies.
- Employs 467 people, indicating a significant operational scale.
- Headquartered in Toronto, Canada, a well-regulated jurisdiction.
Quarterhill Inc. Technology Stock: Key Questions Answered
What does Quarterhill Inc. do?
Quarterhill Inc. operates in the intelligent transportation systems (ITS) and intellectual property (IP) licensing industries. The company's ITS segment provides products and services such as red light enforcement systems, toll road systems, and traffic management solutions. The IP licensing segment manages a portfolio of patents related to wireless communications, memory technologies, and semiconductor manufacturing. Quarterhill generates revenue through the sale of ITS products and services, as well as licensing fees from its patent portfolio. The company aims to create long-term value by acquiring, managing, and growing businesses in these sectors.
What are the main risks for QTRHF?
Quarterhill Inc. faces several risks, including competition from larger technology companies, changes in government regulations and infrastructure spending, patent expiration and invalidation risks, and economic downturns affecting transportation infrastructure projects. The company's negative P/E ratio indicates current unprofitability, which is a significant risk. Additionally, as an OTC-listed company, QTRHF faces liquidity and disclosure risks. Investors should carefully consider these risks before investing in QTRHF.
What are the key factors to evaluate for QTRHF?
Quarterhill Inc. (QTRHF) holds an AI score of 39/100 (low). Not financial advice.
How frequently does QTRHF data refresh on this page?
QTRHF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven QTRHF's recent stock price performance?
Quarterhill Inc. (QTRHF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified revenue streams from ITS and IP licensing. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider QTRHF overvalued or undervalued right now?
Valuing Quarterhill Inc. (QTRHF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying QTRHF?
Before investing in Quarterhill Inc. (QTRHF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding QTRHF to a portfolio?
Key strength of Quarterhill Inc. (QTRHF): Diversified revenue streams from ITS and IP licensing. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- AI analysis is pending and may provide additional insights.
- OTC market investments carry higher risks than exchange-listed stocks.